Fractal Analytics IPO subscribed 2.66 times

Fractal Analytics Receives 2.66 Times Subscription in Maiden Public Offering

Fractal Analytics, a leading provider of AI solutions, achieved significant interest in its initial public offering (IPO) on the final day of bidding. According to data from the National Stock Exchange (NSE), the company received subscription bids for 4,94,79,888 shares, representing 2.66 times the initial offering of 1,85,79,360 shares.

Subscription Breakdown:

• Qualified Institutional Buyers (QIBs): 4.18 times subscribed
• Non-Institutional Investors: 1.06 times subscribed
• Retail Portion for Individual Investors: 1.03 times subscribed

The IPO received backing from anchor investors, with Fractal Analytics garnering Rs 1,248.26 crore on Friday. The price band has been fixed at Rs 857 to Rs 900 per share, valuing the company at nearly Rs 15,500 crore. The initial public offer size has been scaled down from Rs 4,900 crore to Rs 2,833.9 crore.

IPO Details:

• Fresh Issue: Up to Rs 1,023.5 crore
• Offer For Sale (OFS): Rs 1,810.4 crore

The proceeds from the fresh issue will be utilized for various purposes, including investing in its subsidiary, repaying debt, buying laptops, setting up new offices, investing in research and development, and supporting sales and marketing efforts.

Company Overview:

Fractal Analytics, co-founded by Srikanth Velamakanni and Pranay Agrawal in 2000, provides end-to-end AI solutions to support decision-making for large global enterprises across multiple industry verticals and business functions. The company boasts domain expertise in consumer packaged goods & retail, technology, media and telecom, healthcare and life sciences, and banking, financial services and insurance.

As of March 31, 2025, Fractal Analytics served prominent global companies, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla.

Stock Market Debut:

Fractal Analytics is set to make its stock market debut on February 16.